PCSO donates P5-million worth of endowment fund to Veterans hospital

Philippine Charity Sweepstakes Office general manager Alexander Balutan on Tuesday turned over P5 million worth of endowment fund to the Veterans Memorial Medical Center in Quezon City.

PCSO donates P5-million worth of endowment fund to Veterans hospital
ENDOWMENT FUND. PCSO general manager Alexander Balutan (fifth from left) turns over Tuesday the P5-million grant to Dr. Mariano Mejia, Chief, Medical Professional Staff II of the Veterans Memorial Medical Center (fifth from right) with the members of Philippine Military Academy ‘Matikas’ Class of 1983
Receiving the check was VMMC director Dr. Dominador M. Chiong Jr. and Dr. Mariano Mejia, chief, Medical Professional Staff II.

“VMMC is an endowment fund program partner hospital, and one of the priority programs of the government under the leadership of President Rodrigo Duterte is to uplift the health condition of the Filipino by providing financial assistance for various health and medical-related programs, medical assistance and services and charities of national character,” Balutan said.

The Endowment Fund Program Partner Hospital is a reliable partner of the government in giving much-needed medical and health services to the poor and disadvantaged patients, which signified its intent and willingness to be PCSO’s partner in the implementation of the EFP.

“The assistance per patient shall be comparable to 100 percent of PhilHealth case rates. Services include medical, hospital, a laboratory for indigent charity patients [confined and receiving outpatient management],” Balutan said.

The assistance given to confined patients at the charity ward shall be based on the published case rates of PhilHealth, however, for outpatients accessing hospital medical services, the patient, and the medical services should be covered by PhilHealth.

“Under the Memorandum of Agreement, VMMC shall be given one year to utilize the grant. Any remainder which will not be utilized shall be returned to PCSO,” Balutan said.

The MOA also stipulated that if EFPH do not comply with its obligations, Endowment Fund Program Implementing Guidelines, and subsequent issuances of the PCSO, the agreement shall be terminated.

“They should also submit their Liquidation Report within the prescribed period. We have measures to monitor the utilization of funds. We are a generous giver, but our beneficiaries must make sure they utilize the fund properly and it will really benefit the poorest of the poor,” Balutan said.

The PCSO, through Charity Assistance Department, shall provide technical assistance in the implementation of the program and monitor the utilization of the fund and effectiveness of the program, using the approved monitoring instrument.

Topics: Philippine Charity Sweepstakes Office , Alexander Balutan , endowment fund , Veterans Memorial Medical Center
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